1、Global supply chains have come under considerable strain due to global shocks,trade turbulence and economic uncertainty,and many businesses and traders are seeking more sustainable ways to procure and supply goods and services.Effectively securing resilient and sustainable supply chains requires str

2、ategic diversification and business growth through geographic expansion.In Economic Development in Africa Report 2023,UNCTAD examines how certain strategic options could contribute to the diversification of global supply chains,by tapping into the large reserves in Africa of critical minerals and me

3、tals that are key in technology-intensive industries,including automotives,electronics,renewable energy,pharmaceuticals and medical devices.The report is aimed at reframing the narrative on the role and potential of Africa in diversifying global supply chains and identifying potential economic benef

4、its from tapping into the increasingly technology-aware consumer market.Key factors are identified in the report in driving deeper participation of African countries in global supply chains,through more impactful pathways towards stronger domestic economies and enhanced industrial competitiveness,by

5、 building on regional supply chains.UNCTAD recommends strategic and actionable policies that can help countries in Africa become the next frontier destination for companies reassessing geographic footprints in global supply chains.Unlocking the drivers and enablers of global supply chain diversifica

6、tion in technology-intensive industries can generate potential benefits in terms of greater economies of scale,integrated industries,private sector growth and enhanced productive and technological capabilities,as well as environmental sustainability.U N I T E D N AT I O N S C O N F E R E N C E O N T